At a meeting on Thursday, the United States, the European Union and Senegal posed questions about the decision’s adverse effect on global markets. They said it would cause market volatility and undermine collective efforts in fighting the world food crisis.
RBI: Govt to buy back bonds worth Rs 40,000 crore; move to ease tight liquidity
The unexpected move is also seen bringing down yields on short-term government bonds, as the three securities that the government has chosen to buy back